Hitachi in talks to sell $1.56bn stake in Hitachi Transport to KKR

Deal would advance Japanese industrial group's efforts to focus on tech

20220421 KKR Hitachi

US investment fund KKR will buy a stake in Hitachi Transport System for more than 600 billion yen as the company focuses on the IT business. (Source photos by AP and Hitachi Transport System) 

Nikkei staff writers

TOKYO -- Hitachi is preparing to sell most of its stake in Hitachi Transport System for around 200 billion yen ($1.56 billion) to U.S. private equity firm Kohlberg Kravis Roberts, Nikkei has learned.

KKR obtained preferential negotiation rights for Hitachi's share in the logistics company. Hitachi has a 40% share and would retain a 10% stake after the deal.

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